JLL arranges loan for boutique Chicago office property

CHICAGO, January 6, 2020 – JLL Capital Markets announced today that it has arranged a $6 million refinancing for 200 East Ohio, a boutique office property totaling 27,000 square feet in the Chicago’s Streeterville neighborhood.

JLL worked on behalf of the borrower, Tishman Realty, to secure the financing through a Chicago-based financial institution.

200 East Ohio is a five-story boutique property that is nearly 90% occupied by a diverse tenant roster.   Located in the Streeterville neighborhood, the property is steps away from Chicago’s Magnificent Mile, where many of Chicago’s premier retailers reside. With a Walk Score® of 98 and a Transit Score® of 100, 200 East Ohio is within walking distance of many of Chicago’s premier hotels, more than 450 retail stores and more than 275 restaurants.  

200 East Ohio fills a rare niche within the Chicago market – a small office building in Chicago’s North Michigan Avenue submarket that appeals to tenants seeking quality space while providing all the amenities that have made the area the epicenter of the city’s retail and dining scene.

The JLL Capital Markets team representing the borrower was led by Managing Director Christopher Carroll and Director Lucas Borges.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

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